Fracking: Billions Of Barrels Of Oil In UK

Large reserves of shale oil are expected to be revealed as a new report today highlights the possibility of fracking across southern England.

The long-awaited survey by the British Geological Survey (BGS) is likely to confirm substantial reserves in Conservative strongholds Kent, Sussex, Surrey and Hampshire.

It comes as communities affected by fracking will reportedly be offered average payouts of £800,000 to try to win over opponents of the technique.

Prime Minister David Cameron, a supporter of fracking, will announce the extra compensation in addition to a one-off payment of £100,000 and a 1% share of profits, according to The Times.

Anti-fracking protests took place last year in Balcombe, West Sussex

The BGS has already suggested there could be enough shale gas in the north of England to supply Britain for 40 years.

And it now it appears large areas of the south are in line for the controversial extraction technique.

The South Downs National Park lies across much of the area likely to hold reserves totalling several billion barrels of oil.

Supporters believe fracking will lead to lower energy bills and create thousands of jobs.

But critics claim it harms the environment, including potentially causing small earthquakes and polluting water supplies.

Fracking firm Cuadrilla faced fierce protests last year over its exploratory drilling plans at Balcombe, West Sussex, with some activists arrested.

Licences have already been approved for areas such as Lancashire, with further swathes of the country said to have fracking potential.

Fracking involves fracturing underground rocks to release oil and gas

The technique, widely used in the US, involves high pressure liquid being pumped deep underground to split shale rock and release gas and oil supplies.

Ministers are also said to be planning to give energy firms the right to lay pipelines under houses without worrying about trespass laws.

This would mean they would not have to get permission from homeowners.

Business Secretary Vince Cable told Sky News that drilling under houses had been going on for years in the coal industry.

"It's not been any issue," said the Liberal Democrat MP.

"We're talking about activity well, well below ground level - not under people's gardens. Providing that's clearly understood, it creates less of a problem."

Mr Cable said people involved in the fracking debate appeared to be "over-reacting in both directions".

"People are terrified this is going to pollute and compromise the environment - it doesn't have to do that.

"People think it's going to be some great economic bonanza - I doubt that."

Oil and gas in the North Sea is still attracting investment and is a key part of the UK's energy supply, the Business Secretary told Sky.

"There is a danger that people get so obsessed by the long-term possibilities of fracking ... It's a long way to go.

"People think this is some miracle round the corner - it certainly isn't that. Providing there are proper safeguards for the environment, and there have to be proper safeguards, there is no reason why it should create a backlash."

Friends of the Earth's South East regional campaigner, Brenda Pollack said: "These latest estimates will set alarm bells ringing across the South of England where fracking firms seem intent on punching holes in some of Britain's most beautiful countryside in the search for profits."

Anda sedang membaca artikel tentang

Fracking: Billions Of Barrels Of Oil In UK

Dengan url

http://cobaagains.blogspot.com/2014/05/fracking-billions-of-barrels-of-oil-in.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Fracking: Billions Of Barrels Of Oil In UK

namun jangan lupa untuk meletakkan link

Fracking: Billions Of Barrels Of Oil In UK

sebagai sumbernya